ITR Form have been released by the Income Tax Department for Financial Year 2015-16 i.e. Assessment Year 2016-17. There are different ITR Forms (Income Tax Forms) for Different categories of taxpayers and the same has been explained below.
Each type of ITR Form is in 3 Formats – Excel Utility, new Java ITR Utility and PDF File. Taxpayers opting for efiling of Income Tax Returns are requested to use the Java ITR Utility or the Excel Utility and taxpayers opting for Physical Filing of ITR shall download and print the PDF File and physically submit the same after completing all relevant particulars.
ITR 1 and ITR 4S can also be furnished online on the income tax website without downloading any Excel/ Java Utility.
- Recommended Read: Income Tax Slab Rates
Submission of ITR Forms
No Document (eg: Form 16 / Form 16A/ Form 16B/ Form 26AS etc) is required to be attached with the ITR. In case the taxpayer is filing the Income Tax Returns online without using Digital Signature, the taxpayer shall take a print of ITR-V, duly sign the same and send to the following address within 120 days of filing the Income Tax Return Online by ordinary post to:-
“Post Bag No. 1, Electronic City Office, Bangaluru – 560100, Karnataka”
- Recommended Read: Procedure for sending ITR V Acknowledgement
A taxpayer having a Aadhar Card is not required to send ITR-V Acknowledgement to the above mentioned office. He is only required to mention the Aadhar Card No. in the Income Tax Return and the income tax return will automatically get verified provided the Aadhaar Card has been linked to the ITR. (Refer: Benefit of linking Aadhaar Card with ITR)
The following are the different types of ITR Forms which can be filed by a taxpayer depending on his type of income:-
ITR Form 1- Sahaj: For Salaried Individuals
ITR Form 1 (Sahaj) can be used by the following class of Individuals for the Financial Year 2015-16 i.e. Assessment Year 2016-17 who’s Total Income includes
- Income from Salary/Pension or
- Income from 1 House Property (excluding cases where loss is brought forward from previous year)
- Income from Other Sources (excluding Winning from Lottery and Income from Horse Race)
This Income Tax Form (ITR Form) shall not be used by the following class of Individuals whose Total Income includes
- Income from more than 1 House Property, or
- Income from Winning from Lottery or Income from Horse Race, or
- Income from Capital Gains which are not exempt from Tax. For eg: Short Term Capital Gains from Sale of Shares, Short Term or Long Term Capital Gains from the sale of House, Plot etc.,or
- Income from Agriculture in excess of Rs 5000, or
- Income from Business or Profession, or
- Loss under head Other Sources
- ITR 1: PDF File for Physical Filing in 2016
- ITR 1: Java File for Online Filing in 2016
- ITR 1: Excel Utility for Online Filing in 2016
ITR 2A: Newly introduced Form applicable from AY 2015-16 onwards
The Income Tax Department has introduced a new category of Form i.e. ITR Form 2A. Similar to ITR Form 1, ITR 2A can be filed by a person earning
- Income only from Salary, or
- Income from House Property, or
- Income from Other Sources
The main difference between ITR Form 1 and ITR 2A is that ITR Form 1 cannot be used if a person has income from more than 1 house property whereas ITR 2A can be used if a person has Income from more than 1 House Property.
There are several other minor differences as well between ITR 1 and ITR 2A for which you can refer this article: All about New ITR 2A
ITR 2A can be downloaded from here:-
- Download ITR 2A in PDF Format for Physical Filing in 2016
- ITR 2A: Download Java Utility for Online Filing in 2016
- ITR 2: Download Excel Utility for Online Filing in 2016
ITR Form 2: For Individuals and HUF not having Income from Business or Profession
This Income Tax Form (ITR Form 2) can be used by Individuals or HUF whose Total Income includes:-
- Income from Salary/Pension, or
- Income from House Property, or
- Income from Capital Gains, or
- Income from Other Sources
This Income Tax Form (ITR Form 2) can be used by all individuals specified above but cannot be used by Individuals earning Income from Business or Profession.
ITR 2 for AY 2016-17 can be downloaded from the following links:-
- ITR 2: Download PDF File for Physical Filing in 2016
- ITR 2: Download Java Utility for Online Filing in 2016
- ITR 2: Download Excel Utility for Online Filing in 2016
- Recommended Read: All about furnishing ITR Form 2 in 2016
ITR Form 3: For Individuals and HUF being partners in Firm but not carrying business under Proprietorship
This Income Tax Form (ITR Form 3) can be used by an Individual or a HUF who is a
- Partner in a Firm
However, ITR Form 3 cannot be used by Individuals who are also earning Income from any Proprietorship Firm. ITR 3 for AY 2016-17 have not yet been released by the Govt. They would be uploaded on the following links once released by the Govt.
- ITR 3: Download PDF File for Physical Filing in 2016
- ITR 3: Download Excel Utility for Online Filing in 2016
- ITR 3: Download Java Utility for Online Filing in 2016
ITR Form 4: For Individuals earning Income from Proprietorship
This Income Tax Form (ITR Form 4) can be used by any Individuals who is earning Income from any Proprietary Business or Profession.
ITR 4 for AY 2016-17 have also been released by the Income Tax Dept and can be downloaded from the following links:-
- ITR 4: Download PDF File for Physical Filing in 2016
- ITR 4: Download Excel Utility for Physical Filing in 2016
- ITR 4: Download Java Utility for Online Filing in 2016
ITR Form 4S: Sugam – Presumptive Income Tax Form
This Income Tax Form (ITR Form 4S) can be used by an Individual or HUF whose Total Income includes
- Business Income where such Income is computed in accordance with special provisions referred to in Section 44AD and 44AE for the computation of Business Income, or
- Income from Salary/Pension, or
- Income from 1 House Property (excl. cases where the loss is brought forward from previous years)
- Income from Other Sources (excl. Winning from Lottery and Income from Horse Races)
The Income computed above shall be deemed to have been computed after giving full effect to every loss, allowance, depreciation under the Income Tax Act
- ITR 4S: Download PDF File for Physical Filing in 2016
- ITR 4S: Download Excel File for Online Filing in 2016
- ITR 4S: Download Java File for Online Filing in 2016
ITR Form 5: For Firms, AOP’s, BOI’s
This Income Tax Form can be used by a person being a firm, LLP, AOP, BOI, Artificial Judicial Person, Co-operative Society or a Local Authority.
ITR 5 for AY 2015-16 have also yet been released by the Income Tax Dept and can be downloaded from the following links:-
- ITR 5: Download PDF File for Physical Filing in 2016
- ITR 5 – Download Excel Utility for Online Filing in 2016
- ITR 5: Download Java Utility for Online Filing in 2016
Assessee’s whose Total Sales/ Total Turnover/ Gross Receipts exceeds Rs. 1 Crore from Business or Rs. 25 Lakhs from Profession are mandatorily required to get their Tax Audit done under section 44AB by a Chartered Accountant and the due date of submitting the Income Tax Form for Financial Year 2015-16 shall be 30th September 2016. For all other assessees the due date for submitting the ITR Form is 31st July 2016.
ITR Form 6: For Companies
ITR Form 6 is applicable for all companies except those companies which have held property for charitable or religious purpose. The due date for filing income tax returns for companies is 30th Sept irrespective of whether the Tax Audit is required to be conducted or not.
ITR Form 6 is mandatorily required to be submitted online and signed through Digital Signature. Recommended Read: All about ITR Form 6
ITR 6 applicable for FY 2015-16 i.e. AY 2016-17 can be downloaded from the below links:-
- ITR Form 6 – Excel Utility
- ITR Form 6 – Java Utility
